Crown Castle International Corp (CCI) : Exxonmobil Investment Management Inc Tx reduced its stake in Crown Castle International Corp by 1.16% during the most recent quarter end. The investment management company now holds a total of 86,192 shares of Crown Castle International Corp which is valued at $7,610,754 after selling 1,014 shares in Crown Castle International Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Crown Castle International Corp makes up approximately 0.16% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Advisory Services Network reduced its stake in CCI by selling 49 shares or 34.51% in the most recent quarter. The Hedge Fund company now holds 93 shares of CCI which is valued at $8,212.Bnp Paribas Arbitrage Sa reduced its stake in CCI by selling 29,034 shares or 45.65% in the most recent quarter. The Hedge Fund company now holds 34,569 shares of CCI which is valued at $3,078,715. Crown Castle International Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management reduced its stake in CCI by selling 225 shares or 8.08% in the most recent quarter. The Hedge Fund company now holds 2,560 shares of CCI which is valued at $227,994. Crown Castle International Corp makes up approx 0.01% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in CCI in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 272 shares of Crown Castle International Corp which is valued at $24,224. Crown Castle International Corp makes up approx 0.01% of Washington Trust Bank’s portfolio.
Crown Castle International Corp closed down -0.54 points or -0.61% at $88.3 with 16,17,969 shares getting traded on Friday. Post opening the session at $89.14, the shares hit an intraday low of $87.96 and an intraday high of $89.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Crown Castle International Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.04. The company had revenue of $934.40 million for the quarter, compared to analysts expectations of $934.83 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
Many Wall Street Analysts have commented on Crown Castle International Corp. SunTrust Initiated Crown Castle International Corp on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $107.Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 110 from a previous price target of $103 .Company shares were Downgraded by Citigroup on Jul 11, 2016 to ” Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $94 .
Crown Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns operates and leases shared wireless infrastructure including towers and other structures such as rooftops (towers) and to a lesser extent distributed antenna systems (DAS) a type of small cell network (small cells) and interests in land under third party towers in various forms (third party land interests). Its core business is renting space or physical capacity (collectively space) on its towers DAS and to a lesser extent third party land interests (collectively site rental business) through long-term contracts in various forms including license sublease and lease agreements (collectively contracts). The Company conducts its operations principally through subsidiaries of (CCOC) including certain subsidiaries which operate its wireless infrastructure portfolios in the United States including Puerto Rico (CCUSA).